Real Estate Office & Rent Roll - Major Sydney Independent Office Est. 35 Years - Massive Potential - only $410,000.00 - will consider equity partner
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This is a rare opportunity to buy a long-established, very successful real estate business on Sydney’s Upper-North Shore anchored by a substantial rent roll. A working or silent partner or someone on a career change path wanting to get into real estate will be fully trained by the current owner and will stay on as long as required.
Established in April 1981, the business now known as C.I.R. Realty has established a stellar reputation on Sydney’s affluent upper-north shore for their friendly service and great success at residential, commercial and industrial property sales and managing client rental properties. There is the opportunity for the ideal buyer to purchase up to fifty percent of the business as a working partner.
It would be hard to imagine a business with a better location. We occupy a prominent highway corner location with four large glass display windows and huge numbers of drive-by and walk-by traffic every day. Our visibility is second-to-none and we are among dozens of other shops and businesses all attracting potential clients. The current owner wants to semi-retire and this is the only reason this extraordinary opportunity has become available.
The business is extremely profitable with the rent roll alone grossing almost $90.000 annually. This provides a fantastic income base as the income from virtually every sale becomes profit. Every surrounding suburb has an average property value in excess of $1 million dollars with some suburbs like Wahroonga, Warrawee and Turramurra boasting multi-million dollar properties up to $ 20,000,000.00 Plus . This is a high-density area with 3,300 apartments either in construction or DA approved.
All equipment is modern, up-to-date and fully owned. There is huge room for growth as there is office space for more productive sales staff. As we are not part of a franchised group, we have the flexibility to move fast on available opportunities, there are no franchise fees to be paid and we engender much community trust because we ARE part of the community. A new website is under construction and will form part of the sale.
It is unique that an independent agency that has been established, nurtured and grown by the original owner comes to market. With income being anchored by a reasonable sized rent roll which grows in value each year, the high-density prestige location and the number of dwellings, offices and industrial units under construction, approved or planned this is an absolute must-buy for the successful real estate professional. For more information, call the owner on the number above TODAY!